Identification of Trend using LinReg

[Mikefra]

I'm trying to write a simple indicator that will print text on screen when conditions are met between the last bar close and the last bar LinReg(80) value. If the close value is higher than the LinReg(80) value I want to print "Up Market". If the close value is lower than the LinReg(80) value I want to print "Down Market." However, being a newbie with NT, I can't seem to get the code to perform this task. Here is the snippet.

if (CrossAbove(LinReg(80), Close,1))
{
DrawTextFixed("UpMarket", "UpMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopRight);
}
if (CrossBelow(LinReg(80), Close,1))
{
DrawTextFixed("DownMarket", "DownMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopLeft);
}

The text prints, but BOTH of the IF statements yield a TRUE value which results in both lines of text being printed on screen. Both conditions can't be TRUE at the same time. What am I doing wrong?

Thanks

[NinjaTrader_RyanM1]

Hello Mikefra,

Welcome to the NinjaTrader forums!

DrawTextFixed() will draw the first time there is a crossover, and there's no logic there to remove it. You can use RemoveDrawObject() to remove it.

if (CrossAbove(LinReg(80), Close,1))
{
DrawTextFixed("UpMarket", "UpMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopRight);
}

else
RemoveDrawObject("UpMarket");

if (CrossBelow(LinReg(80), Close,1))
{
DrawTextFixed("DownMarket", "DownMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopLeft);
}

else
RemoveDrawObject("DownMarket");

[eDanny]

Why use two text boxes?

Or just try this:

if (CrossAbove(LinReg(80), Close,1))
{
DrawTextFixed("UpDnText", "UpMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopRight);
}

if (CrossBelow(LinReg(80), Close,1))
{
DrawTextFixed("UpDnText", "DownMkt: " + LinReg(80)[1] + " close: " + Close[1], TextPosition.TopRight);
}

Untested though.

Dan

[Mikefra]

These replies were both very helpful. I figured it out. Thanks.